Select Water Solutions (NYSE:WTTR) Reaches New 52-Week Low – Here’s Why

Select Water Solutions, Inc. (NYSE:WTTR) hit a new 52-week low during trading on Friday . The company traded as low as $8.50 and last traded at $8.70, with a volume of 388666 shares trading hands. The stock had previously closed at $9.53.

Analyst Ratings Changes

Separately, Citigroup lifted their target price on shares of Select Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, January 10th.

Select Water Solutions Stock Down 8.6 %

The company has a market cap of $1.04 billion, a PE ratio of 29.05 and a beta of 1.51. The firm has a 50-day simple moving average of $11.45 and a two-hundred day simple moving average of $12.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.14). The company had revenue of $349.05 million for the quarter, compared to analysts’ expectations of $333.62 million. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. Research analysts anticipate that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.28 annualized dividend and a yield of 3.21%. Select Water Solutions’s dividend payout ratio (DPR) is presently 93.33%.

Insider Transactions at Select Water Solutions

In related news, CEO John Schmitz sold 73,450 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $13.03, for a total value of $957,053.50. Following the sale, the chief executive officer now directly owns 2,825,128 shares of the company’s stock, valued at approximately $36,811,417.84. This trade represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Select Water Solutions

A number of large investors have recently bought and sold shares of WTTR. Tower Research Capital LLC TRC increased its holdings in shares of Select Water Solutions by 128.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,711 shares of the company’s stock worth $36,000 after buying an additional 1,525 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Select Water Solutions by 24.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock valued at $67,000 after purchasing an additional 1,007 shares in the last quarter. Amundi grew its holdings in shares of Select Water Solutions by 83.8% during the 4th quarter. Amundi now owns 9,010 shares of the company’s stock worth $119,000 after purchasing an additional 4,109 shares during the period. Summit Investment Advisors Inc. increased its position in Select Water Solutions by 13.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company’s stock worth $126,000 after purchasing an additional 1,143 shares in the last quarter. Finally, Atria Investments Inc purchased a new position in Select Water Solutions in the fourth quarter valued at approximately $134,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

About Select Water Solutions

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.